The German Federal Minister of Transport Peter Ramsauer recently went on a trip to Saudi Arabia, accompanied by a prominent delegation.
Representatives of German businesses, members of the German Federal Parliament and delegates from the German Federal Ministry took part in events in Riyadh and Jeddah with Saudi ministers and representatives of the Royal family.
As one of the world’s fastest growing economies, Saudi Arabia is an important business partner for the Federal Republic of Germany.
The Kingdom will invest more than €100 billion in its economy over the coming years: in transport infrastructure, new industries, and completely new cities.
In late 2007 RAIL.ONE Group succeeded in winning an order for delivery of main-track and turnout sleepers for Project Sections CTW 100 to 300 for the North-south Line project, which launched its involvement in Arabian countries.
This key project of the Saudi government calls for construction of a 2,400-km rail connection between the mining areas in the northwest of the country to Dammam.
In February of 2010 – and as a result of successful execution of the initial project – a follow-up order was placed with RAIL.ONE for Project Section CTW 400.
On behalf of the Saudi construction company Al Ayuni, RAIL.ONE will deliver an additional 850,000 main-track sleepers for new construction of the North-south Line.
Jochen Riepl, CEO of RAIL.ONE GmbH, said:
“Foreign business – especially with MENA Region countries, as well as with the Emirates on the Persian-Arabian Golf – represents extremely exciting markets for us as sleeper manufacturer and systems provider for railway infrastructure.
“In the coming years, these markets will present an immense potential. With successful involvement in Saudi Arabia, we see good changes of establishing further business relationships in the Kingdom also with other countries of the region.”
